Consumption, Capitalism and the Future of Asia | Foreign Correspondent’s Club of China

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At a time when many economists are arguing that China needs to promote domestic consumption, Chandran Nair of the Global Institute For Tomorrow casts doubt on the idea that the western model of consumer-driven growth can be replicated in Asia. Mr Nair argues that economic policy needs to be realigned to avoid catastrophic outcomes arising from the relentless pursuit of consumption-led growth at a time when resource constraints are too obvious to deny. He calls for bans on some forms of consumption, for resources to be re-priced and for the state to play the all-important role.

Wednesday, August 27, 3:00pm-4:30pm

“Consumption, Capitalism and the Future of Asia:”Chandran Nair, Founder and CEO, Global Institute For Tomorrow (GIFT)

Foreign Correspondent’s Club of ChinaEmbassy of Belgium, 6 Sanlitun Lu | 80 RMB | Open to Public | Registration

At a time when many economists are arguing that China needs to promote domestic consumption, Chandran Nair of the Global Institute For Tomorrow casts doubt on the idea that the western model of consumer-driven growth can be replicated in Asia. Mr Nair argues that economic policy needs to be realigned to avoid catastrophic outcomes arising from the relentless pursuit of consumption-led growth at a time when resource constraints are too obvious to deny. He calls for bans on some forms of consumption, for resources to be re-priced and for the state to play the all-important role.

Chandran Nair is the Founder and CEO of the Global Institute For Tomorrow (GIFT), an independent pan-Asian think tank with a particular emphasis on the role of social investment, geopolitics, business ethics, government and civil society. He is the author of Consumptionomics: Asia’s Role in Reshaping Capitalism and Saving the Planet and the creator of The Other Hundred, which serves as a counterpoint to the Forbes 100 and other media rich lists. The Other Hundredaims to highlight the lives of those who are not rich, but who deserve to have their story told.